Selecting an intermediate target variable for monetary policy when the goal is price stability
Download full text from publisher
References listed on IDEAS
- Ben S. Bernanke, 1990.
"On the predictive power of interest rates and interest rate spreads,"
New England Economic Review,
Federal Reserve Bank of Boston, issue Nov, pages 51-68.
- Ben Bernanke, 1990. "On the Predictive Power of Interest Rates and Interest Rate Spreads," NBER Working Papers 3486, National Bureau of Economic Research, Inc.
- William A. Barnett & Melvin J. Hinich & Piyu Yue, 2011.
"The Exact Theoretical Rational Expectations Monetary Aggregate,"
World Scientific Book Chapters,in: Financial Aggregation And Index Number Theory, chapter 2, pages 53-84
World Scientific Publishing Co. Pte. Ltd..
- Barnett, William A. & Hinich, Melvin J. & Yue, Piyu, 2000. "The Exact Theoretical Rational Expectations Monetary Aggregate," Macroeconomic Dynamics, Cambridge University Press, vol. 4(02), pages 197-221, June.
- William A. Barnett & Melvin J. Hinich & Piyu Yue, "undated". "The Exact Theoretical Rational Expectations Monetary Aggregate," Macroeconomics 0003004, EconWPA.
- William Barnett & Melvin J. Hinich & Piyu Yue, 2012. "The Exact Theoretical Rational Expectations Monetary Aggregate," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201229, University of Kansas, Department of Economics, revised Sep 2012.
- Boschen, John F & Talbot, Kathleen E, 1991. "Monetary Base Growth, Deposit Growth, and Inflation in the Postwar United States," The Journal of Business, University of Chicago Press, vol. 64(3), pages 313-337, July.
- Davidson, Russell & MacKinnon, James G, 1981.
"Several Tests for Model Specification in the Presence of Alternative Hypotheses,"
Econometric Society, vol. 49(3), pages 781-793, May.
- Russell Davidson & James G. MacKinnon, 1980. "Several Tests for Model Specification in the Presence of Alternative Hypotheses," Working Papers 378, Queen's University, Department of Economics.
- Hallman, Jeffrey J & Porter, Richard D & Small, David H, 1991. "Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?," American Economic Review, American Economic Association, vol. 81(4), pages 841-858, September.
- Belongia, Michael T & Chalfant, James A, 1989.
"The Changing Empirical Definition of Money: Some Estimates from a Model of the Demand for Money Substitutes,"
Journal of Political Economy,
University of Chicago Press, vol. 97(2), pages 387-397, April.
- Michael T. Belongia & James A. Chalfant, 1986. "The changing empirical definition of money: some estimates from a model of the demand for money substitutes," Working Papers 1986-006, Federal Reserve Bank of St. Louis.
- Michelle R. Garfinkel & Daniel L. Thornton, 1991. "The multiplier approach to the money supply process: a precautionary note," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 47-64.
- Lucas, Robert E, Jr, 1980. "Two Illustrations of the Quantity Theory of Money," American Economic Review, American Economic Association, vol. 70(5), pages 1005-1014, December.
- Leonall C. Andersen & Denis S. Karnosky, 1977. "Some considerations in the use of monetary aggregates for the implementation of monetary policy," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 2-7.
- W. Lee Hoskins, 1991. "Defending zero inflation: all for naught," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
- Laidler, David, 1991. "The Quantity Theory Is Always and Everywhere Controversial--Why?," The Economic Record, The Economic Society of Australia, vol. 67(199), pages 289-306, December.
- Hafer, R W & Jansen, Dennis W, 1991.
"The Demand for Money in the United States: Evidence from Cointegration Tests,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 23(2), pages 155-168, May.
- Hafer, R.W. & Jansen, D.W., 1990. "The Demand For Money In The United States: Evidence From Cointegration Tests," Papers 9010, Erasmus University of Rotterdam - Institute for Economic Research.
- W. Lee Hoskins, 1991. "Defending zero inflation: all for naught," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 16-20.
- Friedman, Benjamin M & Kuttner, Kenneth N, 1992. "Money, Income, Prices, and Interest Rates," American Economic Review, American Economic Association, vol. 82(3), pages 472-492, June.
- Barnett, William A., 1978. "The user cost of money," Economics Letters, Elsevier, vol. 1(2), pages 145-149.
- Gerald P. Dwyer & R. W. Hafer, 1988. "Is money irrelevant?," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-17.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- There is nothing â€œunconventionalâ€ about money base control
by Lars Christensen in The Market Monetarist on 2013-11-30 15:06:27
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Tang, Maggie May-Jean & Puah, Chin-Hong & Awang Marikan, Dayang-Affizzah, 2013. "Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money," MPRA Paper 50020, University Library of Munich, Germany.
- Thornton, Saranna Robinson, 2000. "How do broader monetary aggregates and divisia measures of money perform in McCallum's adaptive monetary rule?," Journal of Economics and Business, Elsevier, vol. 52(1-2), pages 181-204.
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlwp:1992-008. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kathy Cosgrove). General contact details of provider: http://edirc.repec.org/data/frbslus.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.